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keep tax the same for 98% of americans and raise the debt celling so we can at least for a year put washington in the rear-view mirror. wow, can you believe that? there'll be some spending cuts to apiece the republicans, too, once they've bothered to identify the cuts they actually want. as much as some may believe that there's no incentive to run partisanship, the dramatic rates of income these fiscal rates give to tens of millions of americans who happen to be voters. of the 2 million jobs that could be lost, 1 million of them will most likely comes from the defense sector. at a time when china is rising. you see those planes land on that aircraft carrier this week? the middle east is boiling. i don't know. did we really want that big defense budget cut? i mean, maybe nothing more than the decline in spending is the war in afghanistan winds down. saving about half a trillion dollars over the time. maybe more. the areas where the defense job losses take place they look mighty red to me, at least on the electoral map. yes, you'll have to say goodbye to the fabulous 15% dividend rates and the c
keep tax the same for 98% of americans and raise the debt celling so we can at least for a year put washington in the rear-view mirror. wow, can you believe that? there'll be some spending cuts to apiece the republicans, too, once they've bothered to identify the cuts they actually want. as much as some may believe that there's no incentive to run partisanship, the dramatic rates of income these fiscal rates give to tens of millions of americans who happen to be voters. of the 2 million jobs...
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good afternoon welcome to capital account i'm lauren lyster here in washington d.c. these are your headlines for friday nov thirtieth two thousand and twelve the fiscal cliff continues to drive the news cycle and washington politics meanwhile the wall street journal reports it's pushing us i.p.o.'s stock sales and mergers as sellers feared taxes on investment gains could go up next year now despite news like this and even as by efforts to promote i.p.o. bubbles the number of companies going public continues to be down significantly from highs in the one nine hundred ninety s. who why would we want this. why would we ever want to bubble party private equity advisor william janeway is here to explain why bubbles are sometimes good plus u.s. corporate profits hit a record high in the third quarter according to the bureau of economic analysis with these profits why are we seeing more business investment to fuel innovation will discuss and we hear about sovereign credit downgrade and warnings of those downgrades all the time in the wake of the debt crisis and austerity in
good afternoon welcome to capital account i'm lauren lyster here in washington d.c. these are your headlines for friday nov thirtieth two thousand and twelve the fiscal cliff continues to drive the news cycle and washington politics meanwhile the wall street journal reports it's pushing us i.p.o.'s stock sales and mergers as sellers feared taxes on investment gains could go up next year now despite news like this and even as by efforts to promote i.p.o. bubbles the number of companies going...
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let's start with news in washington. we will kaput wall street journal, here's the cover story about how this divide is growing on fiscal cliff the white house came out with these huge new demands. before, they were talking about increasing rates. that was bad enough and now they saves increase rates and get rid of deductions. a huge increase in demand on tax rises. does that concern you? >> absolutely. this is a proposal was brought to the table and on the republican side kind of laughed at and not take it seriously at all. some concern for the market because we are no closer than we were two week ago to any kind of agreement at all and if history has taught us anything with washington d.c. they don't solve anything until it comes to the last minute and all that uncertainty creates a lot of volatility in the market and we're seeing that more and more and will continue to see that for the next 30 days. liz: you to in this out and listen with one ear because you have been long-term bullish. how do you proceed when there i
let's start with news in washington. we will kaput wall street journal, here's the cover story about how this divide is growing on fiscal cliff the white house came out with these huge new demands. before, they were talking about increasing rates. that was bad enough and now they saves increase rates and get rid of deductions. a huge increase in demand on tax rises. does that concern you? >> absolutely. this is a proposal was brought to the table and on the republican side kind of laughed...
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>> well, the problem is i don't trust anything that's coming out of either side if washington. you never lead with your best offer, your best and final offer. clearly, they're just playing this dance here. the problem is for an individual investor, you could get out, try and make some increased volatility. try and bet on treasurietreasur. as soon as boehner and obama walk out of the white house, which i believe they'll do at some stage over the next month, as soon as that happens, everything is going to flip the other way. i'd like to find a way to play the market, but i think for long-term investors, valuation gets more and more important. the more you stretch things out. the key thing people are miss -- i agree with rick, the economy is not that strong, but it is still growing steadily and valuations are so extreme that you know which way the money is going to go when things settle down. i just wouldn't want to be on the wrong side of that trade. >> stephanie, that's basically the way you feel. you have sort of opportunities out there. how do you see it, stephanie? >> i think
>> well, the problem is i don't trust anything that's coming out of either side if washington. you never lead with your best offer, your best and final offer. clearly, they're just playing this dance here. the problem is for an individual investor, you could get out, try and make some increased volatility. try and bet on treasurietreasur. as soon as boehner and obama walk out of the white house, which i believe they'll do at some stage over the next month, as soon as that happens,...
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unfortunate counterproductive that so washington has described the u.n. general assembly to storage vote despite more than two thirds of the world saying yes to palestine's bid for statehood israel's prime minister has called the move meaningless the war the palestinian people they drive would bring no change to their lives more from artie's paullus leader in tel aviv. these ladies certainly are downplaying the significance of this vote although we have seen them with juice the kind of rhetoric that they've been acting over the last few weeks and months so they no longer issue in the same kinds of threats that they were before presumably because they understand that this will only further isolate them in the international community the israeli prime minister benjamin netanyahu has repeatedly said that this vote does not change the reality on the ground the israeli position is that it is a unilateral step by the palestinians they accuse the resolution of being one sided both the united states and israel saying that it's not going to change the reality on t
unfortunate counterproductive that so washington has described the u.n. general assembly to storage vote despite more than two thirds of the world saying yes to palestine's bid for statehood israel's prime minister has called the move meaningless the war the palestinian people they drive would bring no change to their lives more from artie's paullus leader in tel aviv. these ladies certainly are downplaying the significance of this vote although we have seen them with juice the kind of rhetoric...
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more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> new yorkers looking for some fast food had a bit of a problem yesterday. dozens of workers walked off the job at mcdonalds, kfcs and burger kings. they're fighting for higher wages and the right to unionize. i want you to listen to these protesting workers. >> many people are not able to afford apartments, some are on food stamps. and it's just not livable. >> i'm trying to accomplish better pay, better working condition and more -- provide more clothing, a roof over my kids' head and put food on their table. >> all right. so better wages, better working conditio conditions. how much are they asking for? >> reporter: they're asking fo
more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> new yorkers looking for some fast food had a bit of a...
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similar package in the united states financial considerations for one of the reasons that brought this washington state native to western siberia his main motive for the surgery had to do with how he fared in the others in america advertise his one seventy five i was one sixty seven or one sixty eight and so on eight centimeters would have brought me right to average thirty one of the average for women height isn't so important you know i think girl can be sure it's not a big deal like your guy is like expected to be taller just before the operation most mad a russian girl who found he's a regional hide quite endearing yet he still want to have had the surgery adding seven more centimeters to the self-confidence she told me the whole time you're crazy you're normal you're perfect. so now or so they call you so what a compliment for somebody who's used to falling short of his own expectations. it's thirty five minutes past the hour welcome to the business program our team the global steel industry is in trouble with prices dropping out a lot of excess capacity being built but europe was hurting th
similar package in the united states financial considerations for one of the reasons that brought this washington state native to western siberia his main motive for the surgery had to do with how he fared in the others in america advertise his one seventy five i was one sixty seven or one sixty eight and so on eight centimeters would have brought me right to average thirty one of the average for women height isn't so important you know i think girl can be sure it's not a big deal like your guy...
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big money and the cliff as negotiations continue in washington. where are the nation's wealthiest investing? there are millions. let's ask the man who knows. keith banks is more than $200 billion in client assets and joins us in a halftime exclusive. great to have you here, keith. >> good to be here. >> what is your view as we look at all of the ji ratiomovements market minute by minute based on what is going on in washington how are you advising your clients? >> we just recently when the s&p got down to 13.60 went to an overweight in equities. the reason being we thought the majority of the bad news associated with the fiscal cliff fears were baked into the market give or take and the risk reward favored being more aggressive in stocks. >> the bottom line is you got more bullish, more recently looking for opportunity when maybe others were running for the hills. >> yeah. we're more worried about fixed income right now. i'll give you interesting numbers. over the last five years, there's been $1 trillion of positive flows into fixed income funds a
big money and the cliff as negotiations continue in washington. where are the nation's wealthiest investing? there are millions. let's ask the man who knows. keith banks is more than $200 billion in client assets and joins us in a halftime exclusive. great to have you here, keith. >> good to be here. >> what is your view as we look at all of the ji ratiomovements market minute by minute based on what is going on in washington how are you advising your clients? >> we just...
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i said at the time to the washington post it was better than and oprah. recommendation. but as it turns out. his recommendation actually cost me one here if you're asking about money because i have been banned from speaking on college campuses a sense that i had been getting five to ten page speaking engagements every year from college campuses in the us after this obama incident that fell to almost zero so. people think i've benefited from a mistake and i know i was just talking about how validates your thesis of the blow back there i mean so many it's so much corporate media outlets when they hounded you about this in a kind of almost wanted this is a shame that apology but really so many journalists the establishment is so opposed to even the theory of blowback which is an editable reality i think what obama like most of all about my book. osama excuse me. is the my chapter explaining that the people who attack us not just insane mindless bastards but they are and they are. seeking revenge for decades and decades of us hostile actions in the middle east and i give you
i said at the time to the washington post it was better than and oprah. recommendation. but as it turns out. his recommendation actually cost me one here if you're asking about money because i have been banned from speaking on college campuses a sense that i had been getting five to ten page speaking engagements every year from college campuses in the us after this obama incident that fell to almost zero so. people think i've benefited from a mistake and i know i was just talking about how...
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washington d.c. has been in bubble bland. we are in a government bubble. washington d.c. is disconnected from the reality of real-estate going up but the issue is washington d.c. things we are on the dot dog, or housing bubble from the bubbles stretching back to the 90s. we are no longer there. stuart: i am frightened by no debt ceiling and a person has the authority, will borrow this, just do it. liz: imperial presidency. gerri: the president what powers he shouldn't take and regular americans think this makes sense. it does not. the thing you need to know is who pays the bill? to pay the bill? stuart: my grandchildren will pay the bill. i have seven grandchildren. just had another one added. >> congratulations. stuart: it was nothing. sorry. i am digressing and i shouldn't do that. imperial presidency. no debt ceiling. just get out and borrow because i say so. that is terrible. >> i think the democrats made a mistake in tipping their hand by including that. all of these negotiations people a try to figure out what matters to the aside, what leverage do we have and in pu
washington d.c. has been in bubble bland. we are in a government bubble. washington d.c. is disconnected from the reality of real-estate going up but the issue is washington d.c. things we are on the dot dog, or housing bubble from the bubbles stretching back to the 90s. we are no longer there. stuart: i am frightened by no debt ceiling and a person has the authority, will borrow this, just do it. liz: imperial presidency. gerri: the president what powers he shouldn't take and regular americans...
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he should be in washington, d.c. working with the other congressional leaders to get something done. >> he obviously did put something on the table yesterday. the reviews of which have not been universally good. is this an attempt to smoke the republicans out and get you to start tabling some specific measures of your own? some dollar figures of your own, something the speaker was unwilling to do yesterday? >> well, the proposal came forward yesterday really is a joke. it's not much of a starting point from the other side of the coin here. clearly the president said over and over again he wants a balanced approach in terms of dealing with our current fiscal situation. to be balanced, he needs to come forward with significant spending reduction positions. so far just saying he wants to at some point in the future look at cutting $400 billion when under his own budget from last year would create a $6 trillion deficit over the next ten years, that's really a very poor start to his negotiation position. >> i keep hearing
he should be in washington, d.c. working with the other congressional leaders to get something done. >> he obviously did put something on the table yesterday. the reviews of which have not been universally good. is this an attempt to smoke the republicans out and get you to start tabling some specific measures of your own? some dollar figures of your own, something the speaker was unwilling to do yesterday? >> well, the proposal came forward yesterday really is a joke. it's not much...
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martha: and gridlock in washington. stuart varney just told us the white house's plan could send us into another recession. we'll talk to a democrat and ask why they think their plan to raise taxes will actually help the economy. melissa: the only reason democrats are insisting on raising rates because raising rates on the so-called rich is the holy grail of liberalism. the holy grail of liberalism. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. see what's new from campbell's. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. martha: more th
martha: and gridlock in washington. stuart varney just told us the white house's plan could send us into another recession. we'll talk to a democrat and ask why they think their plan to raise taxes will actually help the economy. melissa: the only reason democrats are insisting on raising rates because raising rates on the so-called rich is the holy grail of liberalism. the holy grail of liberalism. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new...
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he went to costco here in washington, d.c. and showed us with his own costco card and showed up witha firewood and a t.v. and apple pie. god bless america. lots to talk about this morning. let's find out first what's going on. here is the latest from lease a ferguson out in los angeles. hi, lisa. good morning. >> hey, bill. good morning, everyone. well, president obama is taking his fight over the fiscal cliff today heading to hatfield, pennsylvania. he is going to tour the rhodon group manufacturing facility. >> that's a place the white house says is one of the many businesses that depends upon middle class shoppers this holiday season. rhodon manufactures connect brand. that time group sells toys like angry birds building sets and tinker toys. at the end of the year, as i am sure you know by now the average middle class family is facing a 2,000 dollar tax hike. on monday of this week the white house released a report saying that could be americans spending $200,000,000,000 less in 2013. the president will continue to push hi
he went to costco here in washington, d.c. and showed us with his own costco card and showed up witha firewood and a t.v. and apple pie. god bless america. lots to talk about this morning. let's find out first what's going on. here is the latest from lease a ferguson out in los angeles. hi, lisa. good morning. >> hey, bill. good morning, everyone. well, president obama is taking his fight over the fiscal cliff today heading to hatfield, pennsylvania. he is going to tour the rhodon group...
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you both know politics well and know what's happening in washington. judd, start things off and explain is it as dire as we think it is by reading into some of these headlines today by seeing what was said yesterday? >> i don't think so. i think that -- you have a situation where you have this unique period in american governance, every power years where people can govern because politics is a little bit behind -- little bit back, takes a back seat during this period. everybody has run for office and know their position of power, musical chairs. everybody has their chair except mitt romney. plus you have a forcing mechani mechanism, the fiscal cliff. congress needs forcing mechanisms to act. plus, both with the president and speaker they have a reason to reach ain't agreement. political reason. the speaker it is because he knows republicans will take the hit if we go over the cliff. that's the way it is. the president has the microphone. and the president -- cane believe he wants to start the presidency out with a recession. i mean, this -- next term.
you both know politics well and know what's happening in washington. judd, start things off and explain is it as dire as we think it is by reading into some of these headlines today by seeing what was said yesterday? >> i don't think so. i think that -- you have a situation where you have this unique period in american governance, every power years where people can govern because politics is a little bit behind -- little bit back, takes a back seat during this period. everybody has run...
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"the washington post." two u.s.-based companies confirm that 100% of syria's internet service went offline yesterday. cell phone service also went down in damascus and other parts of central syria. activists claim president bashar al assad shut both services down to prepare for a major assault against rebel forces. state-run television reported the outage as a "technical failure." sam, take the next one. >> this is where i read, right? >> yes, read. >> "the seattle times." the united nations has voted overwhelmingly to recognize palestine as a nonmember observer state. shsymbolic victory that palestinians hope will strengthen their hand in future peace talks. both the u.s. and israel strongly object to the move, arguing that palestinians must first recognize israel's right to exist before gaining new rights at the u.n. >>> all right. harold, let's do "the l.a. times." >> i enjoyed watching him do it. >> i'm getting nervous. "los angeles times." a new study finds ice sheet melting in greenland and an antarctica, more
"the washington post." two u.s.-based companies confirm that 100% of syria's internet service went offline yesterday. cell phone service also went down in damascus and other parts of central syria. activists claim president bashar al assad shut both services down to prepare for a major assault against rebel forces. state-run television reported the outage as a "technical failure." sam, take the next one. >> this is where i read, right? >> yes, read. >>...
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and washington may be considering more sanctions against iran. we'll have the latest on that and outlook for energy prices next. and we'll loof you witheave you we can't get enough of, the christmas tree at rockefeller center. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grounipping at fedex office. >>> we want to show you what's happening with the oil trade. we've seen prices buffeted by renewed unrest, but today both light crude and brent are showing a bet of a retracement, down about 0.3%. head of commodities market strategy at bnp paribas joining us. harry, we wanted to get a sense from you as the senate is expected to debate new measures that could include banning sales and transfers of special metals to iran. how the breakdown in talks with the iaea is playing into the oil trade and concerns about mideast mo
and washington may be considering more sanctions against iran. we'll have the latest on that and outlook for energy prices next. and we'll loof you witheave you we can't get enough of, the christmas tree at rockefeller center. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday...
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the visit to washington, d.c.'s, first costco store provided a great opportunity for the vice president to push for an extension of the middle class tax cuts. >> look around here. people are -- consumer confidence is growing. and the last thing we need to do is dash that now by being unable to extend the middle class tax cuts. thanks for shopping with me. >> thank you. >> i know you won't tell anybody what i bought for christmas. >> it's important to note some costco executives have ties to the democratic party. the wife of costco co-founder jeff brotman is an obama bundler. the co-founder is a longtime democratic donor who defended president obama's economic record at the democratic national convention. but his business model has always been on the side of the worker, unlike walmart and sam's club with its history of union busting, low wages and benefits. sinegal says treating employees well is good business. costco pays itself workers more, too. costco cfo, richard galanti told "the ed show" employees get $20.50
the visit to washington, d.c.'s, first costco store provided a great opportunity for the vice president to push for an extension of the middle class tax cuts. >> look around here. people are -- consumer confidence is growing. and the last thing we need to do is dash that now by being unable to extend the middle class tax cuts. thanks for shopping with me. >> thank you. >> i know you won't tell anybody what i bought for christmas. >> it's important to note some costco...
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darren gersh, nbr, washington. >> tom: for more on the fiscal cliff negotiations, susie spoke with a leading democrat a short while ago, senator kent conrad of north dakota. >> susie: senator can rad thank you for joining us. let me begin our conversation by asking you, what are the chances that we will get a fiscal cliff deal by the end of this year? wince think they're reasonably good. all the building blocks are in place. at this point really people just have to choose from the options that are available. and it's hugely consequence for the country if we fail. so i remain opposite sdns-- optimistic. >> we heard dramatic sound bites when do we start rung out of time and risk going over the cliff? how much time dow need to get an agreement? >> well, realistically, if an agreement were reached in the next several weeks there would be time to get all of the language put together to have it implemented. so there is still significant time to get this agreement reached. >> as you know house speaker boehner was calling on democrats today to propose specific spending cuts to entitlement pr
darren gersh, nbr, washington. >> tom: for more on the fiscal cliff negotiations, susie spoke with a leading democrat a short while ago, senator kent conrad of north dakota. >> susie: senator can rad thank you for joining us. let me begin our conversation by asking you, what are the chances that we will get a fiscal cliff deal by the end of this year? wince think they're reasonably good. all the building blocks are in place. at this point really people just have to choose from the...
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despite all the negative rhetoric out of washington. pushing the market indexes higher for the week. we will see what happens tomorrow. the dow jones up 37 points today. the nasdaq rose 20. turning on the big board, 3.3 billion shares from just about the above the average of late. any after-hourstrading, futures moving lower. republican congressional leaders may not be getting a lot of quality time with the president in negotiating the fiscal cliff. but the top campaign donors ceainly are. government watchdogs running out yesterday, archer daniels, patricia words, together they bundled 150,000 for the president and the dnc, just today, vice president biden at the grand opening of washington dc's first oscar story. he is greeted by cofounder who supported the president's reelection and spoke at the democratic convention. he also supported the president's election a little while back. the president making time for another business leader tomorrow, pushing his proposals at pennsylvania toy manufacturer , saying that a tax increase would no
despite all the negative rhetoric out of washington. pushing the market indexes higher for the week. we will see what happens tomorrow. the dow jones up 37 points today. the nasdaq rose 20. turning on the big board, 3.3 billion shares from just about the above the average of late. any after-hourstrading, futures moving lower. republican congressional leaders may not be getting a lot of quality time with the president in negotiating the fiscal cliff. but the top campaign donors ceainly are....
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"washington journal is live starting at 7:00 a.m. eastern on c-span. >> the program began under a man who was one of the advisers to president franklin roosevelt. to document the conditions under which people were living. this was back when you did not have television. we had radio, but a lot of places did not have electricity so they could not listen to the broadcast to find out what was happening in other parts of the country. he was an economist from columbia university. the head of this project -- in 1939, when kodak introduced color from, they introduced it to him to have his photographers try it out and see what they could do. kodak was trying to establish a new market and they wanted people who would know how to use it effectively to try it out and publicize it. >> america of the 1930's and 1940's comes to life through the eye of the camera as a library of congress curator shares some of the 1600 color photographs taken during the depression and world war ii. sunday at 7:00 p.m. and 10:00 p.m. eastern this weekend on c- span 3
"washington journal is live starting at 7:00 a.m. eastern on c-span. >> the program began under a man who was one of the advisers to president franklin roosevelt. to document the conditions under which people were living. this was back when you did not have television. we had radio, but a lot of places did not have electricity so they could not listen to the broadcast to find out what was happening in other parts of the country. he was an economist from columbia university. the head...
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for more on this time joined by tim kearney, senior political columnist for the washington examiner and author of the book obamanomics, al barack obama is bankrupting you and enriching his wall street friends, corporate lobbyists, and union bosses. i guess you are about the perfect gift. we appreciate you coming in. what can we afford to? >> barack obama will be pro-business in his own way. he wants to succeed regulating in a way that protects the biggest businesses in some industries and also making sure that people don't make profits in ways that he doesn't want to succeed. you will see a lot more of a great energy stuff that you saw in the stimulus bill and that he tried to push for guinness climate change bill and just generally see a lot of the guys to hire the best lobbyists to get dead because they get the big government favors that happens when government involves itself more and more in private industry. gerri: i find that nobody is more relentless in pursuing taxpayer dollars that they have access to then the company's stock capitalists. they put their entire business model ar
for more on this time joined by tim kearney, senior political columnist for the washington examiner and author of the book obamanomics, al barack obama is bankrupting you and enriching his wall street friends, corporate lobbyists, and union bosses. i guess you are about the perfect gift. we appreciate you coming in. what can we afford to? >> barack obama will be pro-business in his own way. he wants to succeed regulating in a way that protects the biggest businesses in some industries and...
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sense has left washington. you have to come up with spending cuts. i think those of us that will be targeted in a tax hike, which i don't consider a tax hike, really. i think the payroll tax cut, which didn't really work, it didn't boost the economy. also, the rising capital in income tax rates is acceptable, but only if the democrats get serious about cutting spending. >> so far, we haven't seen any real ideas in terms of -- >> it's a joke. it's a joke. you get more revenue from raising taxes, but you haven't cut spending. you're just putting off another disaster. it's so obvious you should raise the retirement age in the united states. there are easy, noncontroversial things. >> we're living until 100 now. we still vice president chanhad retirement age. >> i think $250,000 is a joke. if you have three kids in college, you're lost at $250,000. you can't afford to pay for your house and your kids' college. that's no longer rich in the united states. >> look, let's be honest. the average income, i guess, is $40,
sense has left washington. you have to come up with spending cuts. i think those of us that will be targeted in a tax hike, which i don't consider a tax hike, really. i think the payroll tax cut, which didn't really work, it didn't boost the economy. also, the rising capital in income tax rates is acceptable, but only if the democrats get serious about cutting spending. >> so far, we haven't seen any real ideas in terms of -- >> it's a joke. it's a joke. you get more revenue from...
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you know washington, you know capitol hill. they love a deadline. the real deadline is january 1st or december 31st, the end of the day. and miracles can happen on capitol hill when they get very close to a deadline. still, they need to get moving. >> a lotd of folks may be canceling their christmas vacation plans. and members of congress like those vacations so much. >> let's see what happens. >> thanks very much. >>> as syria's bloody war grinds on, rebels are gaining ground. a top level democrat now wants the united states to get more aggressive in supporting them. standby. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. ever
you know washington, you know capitol hill. they love a deadline. the real deadline is january 1st or december 31st, the end of the day. and miracles can happen on capitol hill when they get very close to a deadline. still, they need to get moving. >> a lotd of folks may be canceling their christmas vacation plans. and members of congress like those vacations so much. >> let's see what happens. >> thanks very much. >>> as syria's bloody war grinds on, rebels are...
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to negotiate has been driven by the influence of hawkish pro israel lobbies in congress and here in washington in that. you know for the u.s. and frankly for israel you that is not a policy that is is beneficial to their interests at the end of the day we're faced with either a diplomatic resolution to this standoff or we see the escalating pressure the escalating antagonism that cannot survive indefinitely that eventually is going to reach a tipping point and whether it's deliberate or it's accidental we're going to end up in a war so usually brief the army has been called in to restore order in the choosing turn of the air after three days of clashes left three hundred people injured there thousands of demonstrators are demanding more funding and the resignation of the local government reports say the police response those being tough officers firing birdshot interior gas at protesters the town like many that participated in last year's revolution is struggling with poor social conditions and poverty. a french court has overturned the manslaughter verdict against continental airlines the com
to negotiate has been driven by the influence of hawkish pro israel lobbies in congress and here in washington in that. you know for the u.s. and frankly for israel you that is not a policy that is is beneficial to their interests at the end of the day we're faced with either a diplomatic resolution to this standoff or we see the escalating pressure the escalating antagonism that cannot survive indefinitely that eventually is going to reach a tipping point and whether it's deliberate or it's...
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looking at washington, putting earnings season besides us. all coming down to the last 32 days of the year and what is its going to happen in washington. anytime we hear anybody making any comments, it is going to move the market. like you saw on that chart, who is saying what and when, clearly that shows it is all about getting in front of the camera, getting out in front of the public making sure the public understands where everybody stands. they will stretch this one out as long as they can, the drummer will unfold, we will watch the miniseries play out on live tv. it will come to the same path and figure it out before the end of the year. tracy: we should have our viewers name the intraday chart. i cannot believe this, 32 days, we have to live with this war true fundamentals, make your picks. >> this is an unusual market. i thought they for sure flush away harder than they did leaving me to think that the market is believing something is coming. each drop a little bit lower than the previous one leading me to believe the market believes
looking at washington, putting earnings season besides us. all coming down to the last 32 days of the year and what is its going to happen in washington. anytime we hear anybody making any comments, it is going to move the market. like you saw on that chart, who is saying what and when, clearly that shows it is all about getting in front of the camera, getting out in front of the public making sure the public understands where everybody stands. they will stretch this one out as long as they...
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to negotiate has been driven by the influence of hawkish pro israel lobbies in congress and here in washington and that. you know for the u.s. and frankly for israel that is not a policy that is is beneficial to their interests at the end of the day we're faced with either a diplomatic resolution to this standoff or we see the escalating pressure the escalating antagonism that cannot survive indefinitely that eventually is going to reach a tipping point and whether it's deliberate or it's accidental we're going to end up in a war twenty two fifty five moscow time thanks for being with us the news that continues in full five minutes from now. wealthy british style. markets why not. find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into cars a report. if . would be soon which brightened if you knew about someone from funniest impressions. whose friends totty dot com. the great russian warriors. prevailing over. asperity. to reenact and at the parade through paris. come a complete bed triumph. with people'
to negotiate has been driven by the influence of hawkish pro israel lobbies in congress and here in washington and that. you know for the u.s. and frankly for israel that is not a policy that is is beneficial to their interests at the end of the day we're faced with either a diplomatic resolution to this standoff or we see the escalating pressure the escalating antagonism that cannot survive indefinitely that eventually is going to reach a tipping point and whether it's deliberate or it's...
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i'm happy to be back from washington. i'm happy sue herera is at the center of the action -- i'm just a happy guy, sue. i'm glad to have you back, too. >>> it happened just before noon. once again the markets tanking, a steep dive after discouraging words from washington on the state of the fiscal cliff. this time it was house speaker boehner speaking with reporters after meeting with treasury secretary tim geithner. eamon javers is in washington with the latest. eamon, the sentiment down here is these guys should stop talking and start crafting a deal. >> reporter: that's the sentiment here in the hallways of capitol hill as well, sue. i can tell you that. we are starting to get a little more clarity on what's going on here today. i just had the chance just a few moments ago to button-hole senator harry reid here in the hallway, asking him a very specific question. i said did treasury secretary tim geithner come up here with a new specific offer for republicans? is that what he laid down on the table for speaker john boe
i'm happy to be back from washington. i'm happy sue herera is at the center of the action -- i'm just a happy guy, sue. i'm glad to have you back, too. >>> it happened just before noon. once again the markets tanking, a steep dive after discouraging words from washington on the state of the fiscal cliff. this time it was house speaker boehner speaking with reporters after meeting with treasury secretary tim geithner. eamon javers is in washington with the latest. eamon, the sentiment...
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down in washington, d.c., depends on what is coming out. they're telegraphing their signals pretty readily through the dissemination of the information we get in the various sources. your talk about the fact is they key time for cash management pertaining to companies that are all rushing to accelerate the dividend payout. >> it is extraordinary to look at the movement. the proposals are for dividends to go from 50% in the higher earners up to 40%. what we are seeing is a lot of cash flows to the shareholders and for the into projects and employment. people are trying to take advantage and that is what we are doing with the dividend payers. nicole: you always do a good job giving us insight in the latest and greatest on wall street. back to you guys. ashley: thank you so much, nicole. tracy: she is not wrong though. the board for social deals like groupon meeting oday. our very own shibani joshi joins us now with the details. this is like a big old saga. >> everything in the tech world is a saga. the ceo and founder of groupon company board
down in washington, d.c., depends on what is coming out. they're telegraphing their signals pretty readily through the dissemination of the information we get in the various sources. your talk about the fact is they key time for cash management pertaining to companies that are all rushing to accelerate the dividend payout. >> it is extraordinary to look at the movement. the proposals are for dividends to go from 50% in the higher earners up to 40%. what we are seeing is a lot of cash...
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the clerk: the speaker's room, washington, d.c., november 29, 2012. i hereby appoint the honorable charles j. fleischmann to act as speaker pro tempore on this day. signed, john a. boehner, speaker of the house of representatives. the speaker pro tempore: pursuant to the order of the house of january 17, 2012, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. the chair will alternate recognition between the parties with each party limited to one hour and each member other than the majority and minority leaders and the minority whip limited to five minutes each, but in no event shall debate continue beyond 11:50 a.m. the chair will receive a message. the messenger: mr. speaker, a message from the senate. the secretary: mr. speaker. the speaker pro tempore: madam secretary. the secretary: i have been directed by the senate to inform the house that the senate has passed s. 1998, cited as the d.h.s. audit requirement target act of 2012, in which the concurrence of the house is requested
the clerk: the speaker's room, washington, d.c., november 29, 2012. i hereby appoint the honorable charles j. fleischmann to act as speaker pro tempore on this day. signed, john a. boehner, speaker of the house of representatives. the speaker pro tempore: pursuant to the order of the house of january 17, 2012, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. the chair will alternate recognition between the parties with each...
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it's terrific to layer the capital some on what happens in washington. it's seemingly nothing to do with the compromise and rising above is maybe the devil's playground. >>> there's the opening bell. >> i think people should buy some stocks now in order to protect against the transition from deflation to inflation. we've been in a deflationary period now for five years. it's really been driven by the collapse in the credit systems. >>> i think they will have a framework for making the grand bargain in the next session of congress. but that's just more a hope than a firm prediction. >> we're checking our lists as the "squawk on the street" countdown to christmas continues. ho, ho, ho! ♪ oh, tannenbaum, oh tannin baum ♪ >> a little early for nat king cole. good morning. a check on the markets on this thursday. dow holding on to a 43 point gain. s&p at 1416 has crossed into positive territory for november. in fact, it's bumping up against its rather important 50-day moving average. nasdaq up 21 as well. apple and research in motion leading the tech rall
it's terrific to layer the capital some on what happens in washington. it's seemingly nothing to do with the compromise and rising above is maybe the devil's playground. >>> there's the opening bell. >> i think people should buy some stocks now in order to protect against the transition from deflation to inflation. we've been in a deflationary period now for five years. it's really been driven by the collapse in the credit systems. >>> i think they will have a framework...
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as washington becomes obsessed with this issue. first and foremost, i think it will have consequences and that cap we have argued that the issues that are really framing the fiscal debate and fiscal cliff are ones that were actually dictated in the election context. the president didn't have one set of complications, and a second set now. really there was a thread going through the debates as was happening to add that thread was about having a balanced plan that addressed america's fiscal challenges. acknowledged there were serious fiscal challenges that we do need long-term, deficit reduction. that's important for america's credibility, and it's important for america's economy and economic growth. that plan has to be balanced and that means significant revenues, and it has to go around. typically that means the wealthy and well off have to pay their fair share as well. again, these are not new issues. they are ones that were debated. they came up in every debate. even foreign policy debate. and so we think that the american people
as washington becomes obsessed with this issue. first and foremost, i think it will have consequences and that cap we have argued that the issues that are really framing the fiscal debate and fiscal cliff are ones that were actually dictated in the election context. the president didn't have one set of complications, and a second set now. really there was a thread going through the debates as was happening to add that thread was about having a balanced plan that addressed america's fiscal...
SFGTV2: San Francisco Government Television
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and when you have evidence -- i remember this, one of the first exchange programs at tacoma, washington, what they found was the needle exchange program was the principal point of source of recommendations into drug treatment. think about it. people come to a needle exchange program so they can safely use their drugs without getting an infection and spreading it to other people. there is no coercion involved. it is the most important you can have for someone who is a known drug user what that suggests is that when people need to get help, when people are trying to get better, what they most need is to have the opportunity to find their own dignity, their own self, their own worth. having a judge or prosecutor with a hammer over your head saying you better be clear or i'm throwing you in jail. you better give me clean urines or i'm throwing you in jail. that may work for some people but that's no reason to make it a one size fits all model. in fact, huge numbers do seek out treatment whether it's 12 step or anything else, if that treatment is respectful, if it's quality, if it has eviden
and when you have evidence -- i remember this, one of the first exchange programs at tacoma, washington, what they found was the needle exchange program was the principal point of source of recommendations into drug treatment. think about it. people come to a needle exchange program so they can safely use their drugs without getting an infection and spreading it to other people. there is no coercion involved. it is the most important you can have for someone who is a known drug user what that...
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good afternoon welcome to capital account i'm laurin the star here in washington d.c. these are headlines for wednesday november twenty eighth two thousand and twelve it's been more than a decade since argentina defaulted on its debt but the saga continues with creditors to this day a new york court ruling just last week came down pretty hard for the country according to the financial times and could benefit creditors like vulture funds in general but what influenced the economic development of latin american countries like argentina more broadly versus say their neighbors to the north james robert robinson author of why nations fail is here to discuss and here in the u.s. president barack obama reportedly speaks with corporate c.e.o.'s from firms like caterpillar and goldman sachs about fiscal cliff solutions here's what he said to the public. and i'll go anywhere and i'll do whatever it takes to get this done it's too important for washington to screw this up. but it's washington and really once again the nation's economic fate may be held hostage by negotiations at
good afternoon welcome to capital account i'm laurin the star here in washington d.c. these are headlines for wednesday november twenty eighth two thousand and twelve it's been more than a decade since argentina defaulted on its debt but the saga continues with creditors to this day a new york court ruling just last week came down pretty hard for the country according to the financial times and could benefit creditors like vulture funds in general but what influenced the economic development of...
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session, the dow made a triple-digit turnaround, going from red to green on upbeat budget comments from washington. gold took a hit, while oil slipped a bit. regulators are pushing off the final draft of the volcker rule into next year. the rule limits the ability of banks to trade stocks, options, commodities, and more. aaa predicts gas prices for the year 2012 will be the most expensive ever. the national average is $3.63 per gallon, topping $3.51 in 2011. the current price is $3.41, down a penny in the past week. mark sebastian of option pit mentoring and consulting joins us now to talk cliffs and bluffs. good morning to you. > > good morning. > still no chance we are going off that cliff according to traders? > > i guess not. it is interesting what will happen when politicians are short on detail, long on optimism. we could really get a nice rally. we took a nice technical bounce off the 200-day moving average around 1385. i don't think we see any real resistance 'til 1425, unless a politician opens their mouth and sends us tumbling right back to 1385, which can happen at any moment. it is rea
session, the dow made a triple-digit turnaround, going from red to green on upbeat budget comments from washington. gold took a hit, while oil slipped a bit. regulators are pushing off the final draft of the volcker rule into next year. the rule limits the ability of banks to trade stocks, options, commodities, and more. aaa predicts gas prices for the year 2012 will be the most expensive ever. the national average is $3.63 per gallon, topping $3.51 in 2011. the current price is $3.41, down a...
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support when it comes to the palestinian conflict on other issues washington should say no. you're not going to be making decisions for us. later in the program or announced days when it's a big new year that isn't ski explains why the u.s. should establish boundaries in its relationship with israel. plus the hague tribunals for a second time equates a former course of in general of killing and torturing serbs and decision slammed by belgrade as biased. egypt's national assembly is expected to vote on a new constitution later on thursday hoping to appease tens of thousands of protesters across the country that rage has been mounting for a week now after president morsi granted himself unchallenged powers although promising to abandon them once a new constitution and parliament are in place journalist bell true has the latest from cairo. when this constitution is drafted and goes through referendum president morsi wrote in his controversial constitution that duration of his extra powers he's assumed. and this is off the referendum however the real issue the heart of this deba
support when it comes to the palestinian conflict on other issues washington should say no. you're not going to be making decisions for us. later in the program or announced days when it's a big new year that isn't ski explains why the u.s. should establish boundaries in its relationship with israel. plus the hague tribunals for a second time equates a former course of in general of killing and torturing serbs and decision slammed by belgrade as biased. egypt's national assembly is expected to...
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i'm in washington. but i would say if you have these point of views in the business context as close as they are, i would say a deal would be in reach. >> that's another optimistic comment there from lloyd blank fein, obviously a guy who's been in a lot of high -stakes deals. i think those two comments are the kinds of comments that markets should be paying attention to and a lot of the political boiler plaplate situas are not what you should be looking to when you see at where the fiscal plate is actually going. the big question is why lloyd blankfein playing this position now? i remember when they were the pariah in this town. now he's playing more of a statesmanship role, guys. it's fascinating to see here in washington. >> yeah. it's weird, the dynamic, eamon, because there are strn constituents on the left that would look at lloyd blankfein saying anything, and immediately say, i want to do the opposite because he's a bankster. >> totally. totally. he's the guy that's a -- >> anything blank fine sa
i'm in washington. but i would say if you have these point of views in the business context as close as they are, i would say a deal would be in reach. >> that's another optimistic comment there from lloyd blank fein, obviously a guy who's been in a lot of high -stakes deals. i think those two comments are the kinds of comments that markets should be paying attention to and a lot of the political boiler plaplate situas are not what you should be looking to when you see at where the fiscal...
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it's too important for washington to screw this up. now's the time for us to work on what we all agree to, which is let's keep middle-class taxes low. that's what our economy needs. that's what the american people deserve. >> white house also turning to social media has a twitter hash tag to spread its message. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress. write them an e-mail, post it on their facebook walls. you can tweet it using the hash tag #my2k. not y2k, my2k. >> i think that's going to push us into the promised land. >> i was incredibly encouraged. i had been depressed and then i said this could actually get done with a hash tag. >> you're very pessimistic. we heard erskine bowles saying yesterday, he thinks it's less than a one in three chance, of course, co-author of the simpson-bowles plan. >> i was in washington earlier this
it's too important for washington to screw this up. now's the time for us to work on what we all agree to, which is let's keep middle-class taxes low. that's what our economy needs. that's what the american people deserve. >> white house also turning to social media has a twitter hash tag to spread its message. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress...
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one time to cash n >> steve: up in the great state of washington. same-sex law takes affect on december 6th. what that means, the department of health. they have all of those forms to fill out when people get married. they are proposing to get rid of bride and groom and husband and wife and replace it with something . they haven't figured out. it might be spouse a or spouse b or person a or person b. >> brian: person a takes to the be the lawful wedded mate. >> gretchen: you can't even explain it. when you try to explain you go down a bumpy road. guess how many people complain and want to take bride and groom out of the marriage certificate process. >> brian: we can't hear their answers. >> gretchen: so guess how many people. >> brian: a lot. >> steve: i don't know. >> gretchen: brian said a lot. >> steve: probably not that many. the problem is they changed the law and voted it in and now the government is trying to catch up what the people want. >> gretchen: they voted it in to law same-sex person. one person complained. >> brian: well >> brian: we
one time to cash n >> steve: up in the great state of washington. same-sex law takes affect on december 6th. what that means, the department of health. they have all of those forms to fill out when people get married. they are proposing to get rid of bride and groom and husband and wife and replace it with something . they haven't figured out. it might be spouse a or spouse b or person a or person b. >> brian: person a takes to the be the lawful wedded mate. >> gretchen: you...
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but i think what happens out of washington will very much determine how the holiday season shapes up for the luxury retailers. >> that's for sure. courtney reagan braving the cold there for us. really appreciate it. want to bring and you couple news flashes. welcome back our uk viewers who have been listening to mervyn king. keep an eye on crude before we go, up over 1% as the ieae chief is calling for urgency in iran talks. and we'll leave you for the day. here is u.s. "squawk box." we'll see you back here tomorrow. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grounipping at fedex office. >>> today's to which stories, the looming fiscal cliff. congressional leaders and top white house negotiate tors are set to meet on capitol hill today. the economic agenda, we get a second read on third quarter gdp. and weekly jobless claims -- third read on second
but i think what happens out of washington will very much determine how the holiday season shapes up for the luxury retailers. >> that's for sure. courtney reagan braving the cold there for us. really appreciate it. want to bring and you couple news flashes. welcome back our uk viewers who have been listening to mervyn king. keep an eye on crude before we go, up over 1% as the ieae chief is calling for urgency in iran talks. and we'll leave you for the day. here is u.s. "squawk...
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in my view washington is simply reflecting the position of israel washington as far as american interests are concerned there is no real american interest per se national interest that is served by denying the recognition to the palestinians however there is a domestic political issue and that is that many of the members of congress believe that in less they stand by israel in its opposition to the recognition of the palestinian state at this time that they themselves would lose their seats so this is a matter of a demand of domestic politics for the united states rather than a question of foreign policy while u.s. support for israel in its disputes was palestine seems on flinching when it comes to other regional matters washington must learn to say no says former statesman zbigniew brzezinski. you're not going to be making decisions for. the world why he thinks americans friendships should be limited it's just they have the program. the latest greek rescue deal has been hailed as a breakthrough in brussels but now it's time for the agreement to pass through national parliaments in german
in my view washington is simply reflecting the position of israel washington as far as american interests are concerned there is no real american interest per se national interest that is served by denying the recognition to the palestinians however there is a domestic political issue and that is that many of the members of congress believe that in less they stand by israel in its opposition to the recognition of the palestinian state at this time that they themselves would lose their seats so...
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he is joining us from washington, d.c. tonight. larry, thanks for joining me inside the war room again. >> my pleasure. >> the hostess board is our point of entry for this conversation. it is made up entirely of business executives. if you look at companies for example in european countries like france and norway, you see many more females and more workers on company boards. larry, you otherwise all over the world. what do they do differently and how does that impact labor disputes? >> so it's all about public policy. since post world war ii in europe, part of the focus has been on number one sectoral bargaining. it is a disadvantage to any company bargain thatting, because they bargain in the sector. a voice on the job at all levels including elected worker representatives, up through middle management on the boards of these companies. the difference is night and day. we look at german-based companies in germany with many employees on the board many of whom happen to be union members. the vice chairman of the board of supervisors
he is joining us from washington, d.c. tonight. larry, thanks for joining me inside the war room again. >> my pleasure. >> the hostess board is our point of entry for this conversation. it is made up entirely of business executives. if you look at companies for example in european countries like france and norway, you see many more females and more workers on company boards. larry, you otherwise all over the world. what do they do differently and how does that impact labor disputes?...
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tonight business leaders in washington are urging a deal. people who are not really known as pals of the president. the president also bringing his pressure to bear on small regular people, regular folks. now we use the word "folks" all the time and i'm old enough to remember when it meant my parents. he's turned to twitter to talk about the evil consequences of cliff jumping. let me tell you, why all this talk may end up being nothing but big hat and no cattle. small business people, twitter followers. they don't follow this. congress does. what we're seeing now is something which was supposed to be totally draconian, increases in old tax rates, coupled with automatic cuts in spending may not be unpalatable to change the minds of intransit politician. are you on this side of the aisle? that's because right now that the very moment many of those politicians believe rising above politics is political suicide, that compromises the real and dreaded ep my -- dreaded enemy, a sin even. and this pin? right here, this rise above, this is the very d
tonight business leaders in washington are urging a deal. people who are not really known as pals of the president. the president also bringing his pressure to bear on small regular people, regular folks. now we use the word "folks" all the time and i'm old enough to remember when it meant my parents. he's turned to twitter to talk about the evil consequences of cliff jumping. let me tell you, why all this talk may end up being nothing but big hat and no cattle. small business people,...
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that was the second g-20 after the one in washington. gordon brown helped -- tell the next g-20 in april that the london -- hled the next 6-20 in spril in london. we went out to abbey road. the wife said we should go knock on the door and see if we can get a toure. that is what they did. we knocked on doors. they give is a great toure -- gave us a great tour, including studio 2 where the beatles recorded all their stuff. they bought out all these pianos and keyboards. i fooled around on after probably 20 minutes. my disappointment was when i left, the presented me with a cd that was recording what i was doing. if i had known that, i wouldn't try to actually play something and do it well but i was just fooling around. >> >> he worked his way up and went to harvard law school and then one of his brothers emigrated out west to illinois to galena, where the mining industry was at its heyday. he arrived after a month's journey by ship, by stagecoach, by train and arrived in steamboat in this muddy mining town, order themselves in a log cabin,
that was the second g-20 after the one in washington. gordon brown helped -- tell the next g-20 in april that the london -- hled the next 6-20 in spril in london. we went out to abbey road. the wife said we should go knock on the door and see if we can get a toure. that is what they did. we knocked on doors. they give is a great toure -- gave us a great tour, including studio 2 where the beatles recorded all their stuff. they bought out all these pianos and keyboards. i fooled around on after...